Opportunity Sutton is the borough’s economic development programme which fosters economic growth throughout the borough. It has attracted over £440 million of investment and supported the creation of more than 2,400 jobs since its launch in 2012. We have a pipeline of potential development of 6,300 new homes, £3.2 billion in investment and 19,000 jobs over the next 20 years.
Opportunity Sutton is also the brand for our group of economic development companies, including Sutton Living Ltd (the Council’s housing development company helping us build and acquire our own homes) and SDEN (an energy company planned to operate a network to use waste heat to supply homes and businesses). The London Cancer Hub partnership is preparing to seek a commercial partner to help drive redevelopment of the site.
Opportunity Sutton excels in harnessing partnerships with other public sector bodies and private sector parties. The key themes are as follows:
Sutton Town Centre Masterplan Delivery Programme
The Sutton Town Centre Masterplan outlines a new vision for the future of Sutton Town Centre, setting out the direction for investment and development in the town centre to 2031. The Masterplan recognises that there is a need for Sutton to embrace new 21st century town centre roles with a rich and diverse mix of community, culture, event, entertainment, business and housing activity in addition to shopping. It is a key part of the evidence base for our new Local Plan Sutton 2016-2031 which sets out the Council’s long-term vision and aims for the borough as a whole.
In order to kick start delivery of the Vision, the Council is working with partners on the delivery of a range of strategic projects including:
- Transforming St Nicholas Centre and Sutton Square (the town's two indoor shopping centres);
- Broadening the town’s food and beverage offer in conjunction with an improved cinema offer;
- Growing the town centre as an employment base (noting that Subsea 7 have chosen Sutton as the town within which to develop its new flagship offices);
- Working on a range of interventions to improve the quality of the environment and operation of the gyratory.
Finally, the Council is delivering a range of small scale interventions which will bring new activity and advance the image and identity of the town centre. These are:
- Delivery of a shopfront and public realm enhancement scheme in the northern part of the town;
- Enhancement of the heritage character and value of Sutton’s main Conservation Area in collaboration with Historic England;
- Installation of interactive art works around the town centre stimulating an arts and cultural focus to the change;
- Establishment of an Entrepreneur's Market to stimulate interest in the area.
For more information: www.opportunitysutton.org/area-renewal-and-regeneration/sutton-town-centre-programme
We are also at the initial stages of work on the scope for regeneration of several of our town centre housing estates and are commissioning a community architect to carry out an option appraisal of an estate which is an allocated site in the Local Plan.
Opportunity Sutton continues to lobby hard to address the under provision of public transport in the borough and the wider sub-region. We are committed in delivering the Sutton Tramlink extension by continuing to work in close collaboration with the London Borough of Merton, TfL and The GLA.
An extension to Tramlink from Wimbledon to Sutton, via Morden, and onwards to the London Cancer Hub in Belmont is a priority for both Sutton and Merton Councils.
Extending Tramlink to Sutton would bring many benefits to both boroughs. These include:
- Huge economic growth for both boroughs: estimated to generate £500m GVA and £50m of resident expenditure.
- Improved access to jobs: 10,000 new jobs and increased access to public transport for 59,000 residents.
- Increased housing: 10,000 new homes along the whole route.
- Unlocking the World’s leading life science cluster, the proposed London Cancer Hub in Belmont.
- Clean and more accessible transport: no local air pollution, lower CO2 emissions with trams able to carrying twice as many passengers as a bus.
The scheme benefits from overwhelming support, with 84% of residents support the extension (2014) and cross party political support at all levels of government.
For more information: www.opportunitysutton.org/sutton-for-investment/tramlink
The London Cancer Hub
The London Cancer Hub will create a unique global life-science campus specialising in cancer research, drug discovery, treatment, education and enterprise. A collaborative partnership between London Borough of Sutton and the Institute of Cancer Research with support from the Royal Marsden NHS Foundation Trust and the Greater London Authority, the London Cancer Hub will create more than 13,000 jobs and a hotbed of talent, offering research and development space for biotech, pharmaceutical and software companies, and equipment manufacturers. It will generate £1.1 billion in GVA. The Cabinet Office is supporting the LCH, with funding secured through the One Public Estate (OPE) programme.
For more information: www.opportunitysutton.org/sutton-for-investment/the-london-cancer-hub/
Helping Business to Grow
Opportunity Sutton continuously looks for new ways to support businesses, from start-ups to our largest employers, and help them grow.
A range of projects include:
i. Business Improvement Districts (BIDS)
The London Borough of Sutton has three operating Business Improvement Districts:
- Kimpton Industrial Park Proprietors Association (KIPPA),
- Sutton Town Centre BID (Successful Sutton)
- Beddington industrial BID (Beddington for Business).
A fourth BID is being explored in Worcester Park following interest from local traders.
Sutton’s BIDs collectively leverage in approximately £3 million additional investment into the borough over 5 years through the levy income alone.
ii. Business Support
Pop Up Sutton is a new and innovative project to stimulate business ‘start-ups’ that enables entrepreneurs to get a foot on the business ladder. The project supports would-be entrepreneurs by providing them with access to a ready-made audience so that they can test their business ideas at a popular market on the High Street. Entrepreneurs are encouraged to sustain their business initiatives with a range of business advice and support.
There have been many successful outcomes as a result of the programme. Key successes include:
- The entrepreneurs on the scheme have built a strong network and come together monthly to share ideas and information. The team have also implemented an online forum that has proved popular amongst beneficiaries.
- A handful of businesses have left the programme as they have grown rapidly over the year after making use of a business support package and are now ready to take their next steps.
- Developed small businesses into limited companies.
- Increased custom and clients for entrepreneurs.
- Helped one business expand so that they now have their own pop up shop.
- Our business support survey showed that 100% of entrepreneurs would recommend the programme to other people.
For more information: www.opportunitysutton.org/business-support